Bloomberg News A federal judge rejected the Trump administration's effort to undo a redlining settlement between the Consumer Financial Protection Bureau and a Chicago mortgage lender whose CEO made comments on a talk-radio show that the agency had alleged discouraged ...

Alvaro Bedoya. Courtesy photo Counsel for former FTC Commissioner Alvaro Bedoya must file supplemental briefs addressing whether he has standing to challenge President Donald Trump's firing decision now that Bedoya filed a notice of resignation. A Democratic member who President ...

The Stripe Inc. headquarters in South San Francisco, Calif., on April 16. (David Paul Morris/Bloomberg) By Emily MasonBloomberg Stripe Inc. agreed to acquire crypto wallet provider Privy, building on the payment company’s recent acquisition of stablecoin infrastructure firm Bridge. Terms ...

The increase in student loan delinquencies has hit household credit scores hard.(Black Press USA) Facebook Twitter Email Print Copy article link Save The Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit reveals a sharp rise ...

The California Department of Financial Protection and Innovation (DFPI) released its fourth annual report highlighting key accomplishments from 2024 pursuant to its authority under the California Consumer Financial Protection Law (CCFPL). The report describes new DFPI regulations and highlights the ...

The global financial ecosystem is undergoing a rapid transformation as real-time payment systems gain traction. As these systems become more prevalent across the financial landscape, they’re setting new benchmarks for transaction speed, efficiency and accessibility. This trend is being propelled ...

A bill that would prohibit food stores and retail establishments from refusing to accept cash payments is on its way to the New York governor’s desk after being passed both houses of the state legislature. The bill — S4153-A in the state ...

Capital One Financial (NYSE:COF) credit card delinquencies and net charge-offs both declined in May, indicating that consumers' household finances still remain relatively healthy. Its credit card delinquency rate  fell to 3.85% from 3.95% in April and dipped from 4.13% in ...

The House Financial Services Committee has approved a bill that would restrict the use of “trigger leads” in the mortgage industry. The committee approved H.R. 2808, the Homebuyers Privacy Protection Act in a 46-0 vote. Companion legislation has been introduced ...